Business & Finance
Managing Risks: How to Select the Appropriate Dredging Contract
The International Association of Dredging Companies’ (IADC) latest edition of their Terra et Aqua magazine featured a very interesting article named ‘Managing risks: how to select the appropriate dredging contract’. The contracting environment for dredging and offshore works is diverse. Moreover, in
French floating wind project secures EIB financing
The European Investment Bank (EIB) has approved an undisclosed sum to finance the development of the 30 MW Golfe du Lion floating wind project offshore France. The demonstration floating wind farm will feature three V164 MHI Vestas 10 MW wind turbines supported by Principle Power’s WindFloat semi-su
Petrofac scoops more work with BP
Oilfield services provider Petrofac has won a three-year extension to its existing maintenance contract with oil major BP.
Preparations Underway for the Lavna Terminal Main Works
Oversite excavation is underway at the construction site of Lavna coal terminal (western coast of the Kola Bay) as part of preparations for the main phase of construction works, Federal Marine and River Transport Agency (Rosmorrechflot) posted on its official Instagram profile. The news, also report
Serica seals the deal for Awilco rig
Serica Energy and drilling contractor Awilco have signed a contract for the provision of WilPhoenix rig for one-well workover on the Rhum field located off the UK.
EIB greenlights €500 million Hollandse Kust (noord) loan
The European Investment Bank (EIB) has approved a €500 million loan to finance the development of the Hollandse Kust (noord) offshore wind project. The loan application was submitted by the Kingdom of the Netherlands. Located 18.5 kilometres off the west coast of the Netherlands, the Hollandse Kust
BIMCO: The crash of the bunker market and post-IMO 2020 reality
The collapse of the oil market has seen prices of marine fuels compliant with the IMO 2020 sulphur regulation dwindle providing some ease for shipowners in the unprecedented economic crash. “From a shipowner’s or charterer’s perspective, the lower bunker prices provide a glimmer of hope in bleak tim
Church Scar Coastal Protection Scheme Completed
Construction works on the Fairhaven to Church Scar Coastal Protection Scheme are now complete, according to the Fylde Council. VBA – a joint venture between VolkerStevin, Boskalis Westminster and SNC-Lavalin’s Atkins business – worked together with Fylde Council on this £22m coastal protection schem
Arundel Tidal Defense Scheme Update
Good progress continues to be made under the Arundel tidal defense scheme (ATDS) with the improvements to the wall at River Road, informs the Environment Agency. According to the update, further deliveries of steel sheet piles were made to site week beginning Monday 4 May. This means that all the st
Optimarin introduces BWT leasing to ease financial stress on ship owners, operators
Norwegian-based ballast water treatment (BWT) specialist Optimarin has launched a leasing option within the BWT segment as a response to the growing need for more flexibility in financing solutions. The company said that the leasing option is the first of its kind in the segment and comes amid chall
Solstad agrees terms for two anchor handlers. Closes financial restructuring
Norwegian vessel owner Solstad Offshore has finalized negotiations regarding its financial restructuring and the agreed conditions for two Ocean Yield’s anchor handlers.
Newly launched Floating Wind Committee gathers top industry players
Several offshore wind companies and organisations have already become members of the World Forum Offshore Wind’s (WFO’s) Floating Offshore Wind Committee, launched in February 2020. The latest ones to get onboard the committee are Japan’s utility company JERA, French wind energy industry association
IADC Seminar on Dredging and Reclamation in Delft
For the 60th time, the International Association of Dredging Companies (IADC) will organize its well-known International Seminar on Dredging and Reclamation. With the collaboration of IHE Delft Institute for Water Education, the seminar is set to take place from 7-11 September 2020 in Delft, The Net
Highlights of the Week
Dredging Today brings you an overview of the most popular stories from the past week (May 4-10, 2020). Jan De Nul in 2019: Challenging Year for Dredging Jan De Nul Group has just released their business figures for the past year, saying that in line with previous years, 2019 remained a challenging